The leu closed at 4.354/4.355 per euro, from 4.3585/4.361 per euro a day earlier.
Elsewhere in the region, the leu’s peers were falling versus the euro, after Germany failed to sell a planned EUR6 billion in 10-year bonds.
The Europe’s largest economy sold EUR3.6 billion in state paper earlier Wednesday at a 1.98% annual yield, a level many investors believed it was too low. The remaining bonds were purchased by the country’s central bank Bundesbank.
Romanian leu opened down at 4.36/4.362 per euro and hit an early low of 4.367 per euro. Euro sales later helped push the national currency higher. The day’s high was of 4.35 per euro.
The central bank set the leu’s reference at 4.3577 to the euro, slightly stronger from 4.3588 to the euro Tuesday. Against the US dollar, the leu’s indicative lost over 1% on the day to 3.2557 units.
On the money market, overnight rates fell to 1.9%-2.4% a year, from 2.4%-2.9% a year in the previous session.